Nationwide personal loans
Nationwide currently offers unsecured personal loans that can be used to cover a range of costs. Unlike with a secured loan, unsecured loans don’t require a property or other high-value item to act as security, which means both homeowners and tenants can apply.
However, its loans are currently only available to existing Nationwide members, so you need to have a current account, savings account, or mortgage with Nationwide to qualify.
You can currently borrow between £1,000 and £25,000 from Nationwide, depending on your requirements. You can also choose to repay your loan over one to seven years. Bear in mind that the amount you borrow and the length of the loan term, as well as your credit history, will affect the interest rate applied to your loan.
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Nationwide loan rates
Interest rates on Nationwide personal loans are fixed, which means the rate won’t change for the term of the loan. The rate you qualify for will depend on your individual situation and the loan you are applying for.
Nationwide loans will advertise a representative APR. This stands for annual percentage rate and it tells you how much a loan will cost you over one year, taking into account the interest charges and fees.
However, representative APR is only intended to be a guide, so it doesn’t guarantee that you will qualify for that rate if you apply for a loan.
Representative APR is the rate that 51% of approved applicants will receive (or lower), which means 49% of borrowers could be offered a higher rate.
Can I get a secured loan from Nationwide?
Nationwide doesn't currently offer secured loans.
To find out more about secured loans, check out our secured loans comparison page where you can also take a look at other providers.